Show CRISIS AND PANIC CRISIS and panic have been the burden of tile the dispatches for the est uit ji U it C few days dass from the east the gevat gili it bali bati banking fang lang house of jay cooke A co unable to meet its immedi ate 4 and great wn the tile 1 all of it tile the bursting of the graphic balison proved merely the or of tile the bursting ofa of a far gre toen I 1 u ui lai ial lal bu bubble bubbie abble ai A asa aia i a matter of or course when one largo large firm of the kind falls others ot of more or las le les 3 importance and in greater or less numbers must fall also because they lean catl call more or less loss upon each other for support tho the reason that any bubble bursts is because it is blown or stretched beyond its capacity of endurance undue inflation is the cause of the bursting of most commercial and financial bbb bub bubbles bles bies those institutions which eschew d dangerous ding dung 13 erous speculations lations and proceed upon a safe solid basis seldom burst never except by accident while the other sort are kept intact chiefly by virtue of fortuitous accidents jay cooke co came into note not e turing during luring the var war having the sale 0 of f tile the first US bonds boud sand and being made tile tilo agent of the U S treasury to float its ita loans whereby the house became rich jay cooke coohe subsequently se became a large stockholder 11 in the J K P RR rund rind finan elal elai lal ial agent odthe of the company making 0 to the com company company Jany looking to a greater lire ripe in its bonds in europe chaft llah lias been realized after rt iv titue bilings lle ile tue down again but the ei i the tile united states in europe almeady weakened by adieme o cc caswill cei cej swill tWill have another set back from the jay jax cooke lle failure and the present crisis crisis in in the east been the credit Mo billor tho the E erie erfe rie I 1 the tile bowles bowies brothers Br othera othora ib the e emma mine mino tile the vienna busi uusi business bu ainess vois pois uie tile fremont suit and other discredit able aff affairs aira alra which hav ail all helped to lower calif confidence ld e neo in american amerlean securities and cause the name of america to bo be in ramo sorn bora sora b byword in europe |